Question
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $12,200, real estate taxes of
Sylvester files as a single taxpayer during 2019. He itemizes deductions for regular tax purposes. He paid charitable contributions of $12,200, real estate taxes of $2,300, state income taxes of $4,750, and mortgage interest of $1,800 on $30,750 of acquisition indebtedness on his home. Sylvesters regular taxable income is $117,000. What is Sylvesters AMTI?
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Introduction To Accounting
Authors: Peter Scott
2nd Edition
0198849966, 978-0198849964
